AXISBANK Support and Resistance

As of December 29, 2024, Axis Bank Limited's stock (AXISBANK) closed at ₹1,077.50 on the National Stock Exchange (NSE), marking a slight increase of 0.06% from the previous close.
MARKETWATCH

The stock remains below its 52-week high of ₹1,339.55, reached on July 12, 2024.
MARKETWATCH

For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:

Support Levels:

S1: ₹1,071.60
S2: ₹1,070.00
S3: ₹1,063.00
Resistance Levels:

R1: ₹1,084.65
R2: ₹1,090.00
R3: ₹1,094.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
TOP STOCK RESEARCH

Additionally, technical indicators provide further insights:

Relative Strength Index (RSI): 48.517 (Neutral)
Moving Average Convergence Divergence (MACD): -43.34 (Sell)
Average Directional Index (ADX): 21.376 (Buy)
These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend.
MONEYCONTROL

Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.

Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.